Stocks defy gravity despite volatile markets, says Bank of America

saw a drop of as much as 8% from its peak in early August but managed to rally by the end of the month, delivering a total return of 2.4%, edging closer to a record high.

All major asset classes posted gains: long-term Treasuries rose 2.0%, investment-grade corporate bonds increased 1.5%, and cash returned 0.5%. SPW, the equal-weighted S&P 500, matched the performance of the S&P 500 in August, but reached an all-time high, signaling a broader equity recovery compared to prior years. SPW has now risen 7.0% over two months, compared to the S&P 500’s 3.7%, marking the largest two-month lead for SPW since March 2021.Defensive sectors led amid concerns about an economic slowdown, with Staples , Health Care , and Utilities showing strong gains.

High-quality stocks outperformed low-quality stocks by 1.9 percentage points , marking the third consecutive month of outperformance. However, year-to-date, low-quality stocks remain well ahead.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Four bull stocks and two bear stocks according to Bank of America strategistsFour bull stocks and two bear stocks according to Bank of America strategists
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks like Nvidia are table-pounding buys, Bank of America saysStocks like Nvidia still have more room to run this summer, according to Bank of America.
Source: CNBC - 🏆 12. / 72 Read more »

These high-quality small-cap stocks are a buy, Bank of America saysSmall-cap stocks that are high quality and inexpensively priced could provide a good hedge against future market volatility, according to Bank of America.
Source: CNBC - 🏆 12. / 72 Read more »

These are the most important stocks in the U.S., according to Bank of AmericaBank of America is laying out a list of what it deems to be the most important stocks in the U.S.
Source: CNBC - 🏆 12. / 72 Read more »

Bank of America likes these solid dividend-paying stocks for AugustInvestors should look for dividend payers that have above-market yields that are secure, says Bank of America.
Source: CNBC - 🏆 12. / 72 Read more »

Ride out future market and economic volatility with these all-weather stocks, Bank of America saysInvestors may want to keep an eye on these stocks to ride out any future market volatility, according to Bank of America.
Source: CNBC - 🏆 12. / 72 Read more »